GlassBridge Enterprises (STU:IMNA) ROCE %: -27.56% (As of Sep. 2023)

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STU:IMNA GlassBridge Enterprises Inc STU:IMNA
12 GF Score
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What is GlassBridge Enterprises ROCE %?

GlassBridge Enterprises STU:IMNA 12 ROCE % is -27.56% as of Sep. 2023. GuruFocus rates STU:IMNA with a GF Score™ of 12/100.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. GlassBridge Enterprises's annualized ROCE % for the quarter that ended in Sep. 2023 was -27.56%.

GlassBridge Enterprises  (STU:IMNA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

GlassBridge Enterprises ROCE % Related Terms

GlassBridge Enterprises ROCE % Historical Data

* Premium members only.

The historical data trend for GlassBridge Enterprises's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

GlassBridge Enterprises ROCE % Chart

GlassBridge Enterprises Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -95.95 29.53 -37.60 117.44 -19.48

GlassBridge Enterprises Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -20.75 -17.41 -31.82 -34.57 -27.56
STU:IMNA
12GF Score
GlassBridge Enterprises Inc STU:IMNA
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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GlassBridge Enterprises ROCE % Calculation

GlassBridge Enterprises's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=-2.549/( ( (15.222 - 1.328) + (13.782 - 1.51) )/ 2 )
=-2.549/( (13.894+12.272)/ 2 )
=-2.549/13.083
=-19.48 %

GlassBridge Enterprises's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=-4.124/( ( (12.553 - 2.4) + (21.832 - 2.061) )/ 2 )
=-4.124/( ( 10.153 + 19.771 )/ 2 )
=-4.124/14.962
=-27.56 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -27.56% mean?
GlassBridge Enterprises (STU:IMNA) has a ROCE % of -27.56% as of Sep. 2023.
Is GlassBridge Enterprises' ROCE % too high?
GlassBridge Enterprises' current ROCE % is -27.56%. Overall, GlassBridge Enterprises has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does GlassBridge Enterprises' ROCE % compare to IGOT and HMNU?
GlassBridge Enterprises' ROCE % of -27.56% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.39. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Asset Management company?
The median ROCE % among Asset Management companies is 4.39, based on 709 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median ROCE % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GlassBridge Enterprises's current ROCE % is -27.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GlassBridge Enterprises stock overvalued right now?
GlassBridge Enterprises (STU:IMNA) has a current ROCE % of -27.56%. The current ROCE % is -27.56%. GlassBridge Enterprises' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For GlassBridge Enterprises (STU:IMNA), the current ROCE % is -27.56% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

GlassBridge Enterprises Business Description

Address 18 East 50th Street, FL7, New York, NY, USA, 10022
GlassBridge Enterprises Inc is a holding company in the United States. It is involved in the asset management business that comprises investment advisory services to third-party investors through managed funds, as well as separately managed accounts. The firm operates in two segments: Asset Management Business, through AAM, and a sports investment platform, through SportBLX-both owned by Adara.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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